International Business News - MNC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of recreational vehicle companies fell on Monday, as a marketwide sell-off sent stocks swooning. The Dow Jones industrials was down more than 500 points in midday trading, slipping below 10,000 for the first time in four years. Markets around the world declined amid fears that the financial crisis would spread, while U.S. investors remained concerned that the $700 billion financial bailout package passed last week won't work fast enough. http://www.ibtimes.com/articles/20081006/sector-snap-rv-makers-slide-on-sell-off.htm Mon, 06 Oct 2008 12:44:16 EDT Shares of recreational vehicle companies declined sharply Monday after the $700 billion financial bailout package failed in the House of Representatives. http://www.ibtimes.com/articles/20080929/sector-snap-recreational-vehicle-stocks-plunge.htm Mon, 29 Sep 2008 15:04:35 EDT An analyst downgraded recreational vehicle industry stocks Monday, saying that a recent rally in share prices might be coming to an end due to "dreadful" fundamentals for the industry. http://www.ibtimes.com/articles/20080929/ahead-of-the-bell-rv-makers-downgraded.htm Mon, 29 Sep 2008 09:10:26 EDT In this corner of America known as the RV capital of the world, Todd Brink once made a good living producing the gleaming behemoths that cruised the nation's open roads. He was prospering. So, too, was the industry. http://www.ibtimes.com/data/articleimgs/140488-election-economic-pulse.jpg http://www.ibtimes.com/articles/20080927/town-shows-economic-woes-weighing-on-election.htm http://www.ibtimes.com/articles/20080927/town-shows-economic-woes-weighing-on-election.htm Sat, 27 Sep 2008 15:46:32 EDT Indiana will receive a $10.4 million emergency grant to help retrain recreational vehicle industry workers who lost their jobs because of layoffs caused by the struggling economy and high gasoline prices, Gov. Mitch Daniels said. http://www.ibtimes.com/articles/20080911/ind-to-receive-10-4m-grant-to-retrain-rv-workers.htm Thu, 11 Sep 2008 10:54:53 EDT Shares of Thor Industries Inc. advanced on Tuesday, bucking the broader recreational vehicle sector as analysts reported weaker July motorhome sales. Thor shares rose $1.27, or 5.1 percent, to $26. http://www.ibtimes.com/articles/20080909/thor-shares-climb-bucking-rv-sectors-trend.htm Tue, 09 Sep 2008 17:15:58 EDT After Hurricane Katrina devastated the Gulf Coast in 2005, at least one industry got a lift: recreational vehicle makers, who benefited from the more than $1 billion spent on travel trailers and mobile homes to house displaced residents. http://www.ibtimes.com/articles/20080903/rv-makers-not-likely-to-see-katrina-boom-repeat.htm Wed, 03 Sep 2008 04:37:41 EDT Shares of recreational vehicle makers shot higher on Tuesday as crude prices tumbled after the Gulf Coast and its oil facilities appeared to be spared the worst from Hurricane Gustav. http://www.ibtimes.com/articles/20080902/sector-snap-rv-makers-surge-as-oil-recedes.htm Tue, 02 Sep 2008 13:18:49 EDT Conditions in the recreational vehicle sector remain "dreadful," an analyst said Tuesday, citing recently released data on RV shipments. Robert W. Baird's Craig Kennison said RV wholesale shipments fell 39 percent in July, according to the Recreational Vehicle Industry Association. Motorhome shipments, meanwhile, slid 56 percent and towable shipments declined 36 percent, he said. http://www.ibtimes.com/articles/20080826/ahead-of-the-bell-rv-sector-remains-troubled.htm Tue, 26 Aug 2008 08:44:02 EDT Recreational vehicle maker Monaco Coach Corp. has decided to keep its chassis-building operation open in Elkhart. The company had announced last month it was closing three factories in northern Indiana's Elkhart County, eliminating 1,400 jobs, or about a third of its work force. http://www.ibtimes.com/articles/20080825/rv-maker-changes-decision-to-close-indiana-plant.htm Mon, 25 Aug 2008 13:22:02 EDT Shares of recreational vehicle makers declined on Thursday as oil prices rallied and the broader market edged lower. Light, sweet crude jumped $5 to $120.56 a barrel after rising as high as $122.04, its highest price since Aug. 4. Concerns over rising tensions with Russia helped push the commodity higher Thursday. http://www.ibtimes.com/articles/20080821/sector-snap-rv-maker-shares-slip-as-oil-rallies.htm Thu, 21 Aug 2008 14:23:13 EDT Indiana will make $3 million in federal training funds available to recreational vehicle industry workers who lost their jobs because of layoffs caused by the struggling economy and high gasoline prices. http://www.ibtimes.com/articles/20080821/indiana-to-fund-training-for-displaced-rv-workers.htm Thu, 21 Aug 2008 11:10:41 EDT Indiana lost 16,500 jobs in July, more than any other state except Florida and Georgia, and the 0.6 percent erosion in its labor force was the second highest in the nation, the federal Bureau of Labor Statistics said Friday. http://www.ibtimes.com/articles/20080815/ind-shed-16-500-jobs-in-july-only-2-states-worse.htm Fri, 15 Aug 2008 16:45:50 EDT Monaco Coach Corp. said Thursday its board suspended the recreational vehicle maker's quarterly cash dividend payment to bolster its balance sheet and improve liquidity. http://www.ibtimes.com/articles/20080814/monaco-coach-suspends-dividend-payment.htm Thu, 14 Aug 2008 07:23:24 EDT Shares of recreational vehicle makers declined Wednesday after an Avondale Partners survey of 70 RV dealers showed motorhome sales plunged in June. The 51.1 percent drop, compared with retail sales in the same month last year, is not unexpected considering the 23-month downturn in the RV market and a 54.4 percent decrease in wholesale shipments in June, the report said. http://www.ibtimes.com/articles/20080813/rv-makers-fall-survey-shows-motorhome-sales-down.htm Wed, 13 Aug 2008 15:36:12 EDT Keystone RV Co. announced Thursday it is laying off 290 workers--about 10 percent of its work force--because of the troubled economy and the usual downturn in production in fall. http://www.ibtimes.com/articles/20080807/indiana-based-keystone-rv-to-slash-290-jobs.htm Thu, 07 Aug 2008 15:49:40 EDT Shares of recreation vehicle manufactures tumbled Monday on a report showing a drop in consumer spending and a steep increase in prices. The Commerce Department said consumer spending dipped by 0.2 percent in June, after adjusting for inflation, the poorest showing since a similar drop in February. http://www.ibtimes.com/articles/20080804/sector-snap-recreational-vehicles.htm Mon, 04 Aug 2008 12:24:28 EDT Among the earnings stories for Wednesday, July 30, from AP Financial News: NEW YORK (AP)--Strong sales internationally, especially in Latin America and Eastern Europe, helped Avon Products Inc. more than double its second-quarter profit, the cosmetics company said Wednesday. Its shares surged more than 15 percent. http://www.ibtimes.com/articles/20080730/earnings-roundup-avon-reynolds-american.htm Wed, 30 Jul 2008 14:53:53 EDT Shares of Monaco Coach Corp. plunged on Wednesday after the recreational vehicle maker said it swung to a larger-than-expected second-quarter loss due to a sharp decline in RV sales. http://www.ibtimes.com/articles/20080730/monaco-coach-shares-tumble-after-2q-loss.htm Wed, 30 Jul 2008 12:21:50 EDT Among the sector activity stories for Friday, July 18, from AP Financial News: NEW YORK (AP)--Shares of recreational vehicle makers declined Friday after Monaco Coach Corp. said it will shutter three factories and cut a third of its work force, citing a weak economy and lower demand for RVs. http://www.ibtimes.com/articles/20080718/sector-roundup-rv-makers-teen-apparel.htm Fri, 18 Jul 2008 17:43:49 EDT